Stock market today: Asian stocks rise after Wall Street barrels to records

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HONG KONG (AP) — Asian markets rose Thursday after Wall Street barreled to records Wednesday as the frenzy around artificial-intelligence technology keeps sending stocks higher.

The New York Stock Exchange, right, is shown in this view looking east on Wall St. on Wednesday, June 5, 2024. Global shares are mixed as investors weigh data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street. People pass by an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Thursday, June 6, 2024, in Tokyo.

The chip company also joined Microsoft and Apple as the only U.S. stocks to ever top $3 trillion in total value. Apple regained that milestone valuation after rising 0.8% Wednesday., which matched analysts’ expectations for profit but fell just shy for revenue. The retailer also said it’s considering selling or spinning off its Family Dollar business.

Another report suggested hiring slowed last month by more than expected at U.S. employers outside the government.

 

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